3 bedroom 2.5 bath townhome in Chula Vista with 2 car garage. Low HOA fees in small complex with good owner occupancy. Short sale was approved by lender at $137,500 and buyer walked. Last two recent sales in complex were 10% higher. Have no idea as to rent but figure its gotta be at least $1500.
With 20% down and 4.5% interest rate the PITI+HOA are under $900/month. At $1500/month rent this is returning over 25% annually on the down payment.
